Qmines Ltd. · ASX:QML
Qmines — Investor Presentation (September 2025)
29 slides from Qmines's investor presentation, Sep 26, 2025
Slide 1: Multi-Rig Drilling Program Targeting High-Grade Gold & Copper
For personal use only Multi-Rig Drilling Program Targeting High-Grade Gold & Copper… September 2025 Share in Our Exciting Future... 1
Slide 2: Important Information
Important Information DISCLAIMER For personal use only This document is confidential and may not be reproduced, redistributed or passed on, directly or indirectly. This document is neither a prospectus nor an offer to subscribe for Shares. QMines Limited ACN 643 212 104 (QMines) and its directors, o
Slide 3: Regional Vision: Centralised Processing Production Hub
For personal use only Centralised Processing Regional Vision Nine Regional Critical Metals Deposits Production Hub QMines vision involves building a centralised processing plant, servicing several Targeting regional mines Copper & Gold producing copper and gold for a minimum of 8-10 years. Abundant
Slide 4: Company Snapshot
Company Snapshot Metrics Substantial Asset Base Shares On Issue 472,161,245 QMines Limited For personal use only Share Price (23/09/25) 7.1c The Case Market Capitalisation A$33.5m Projects Land Equipment for Copper Debt (23/09/25) $1.5m Mt Chalmers 7 Blocks of Land RC Drilling Rig Cash & Drawdown De
Slide 5: Large Resource Inventory
JORC Tonnes Cu Grade Au Grade Zn Grade Ag Grade Deposit: For personal use only Category: (Mt): (%): (g/t): (%): (g/t): Large Resource Measured, Inventory Mt Chalmers¹ Indicated & 11.3 0.75 0.42 0.23 4.6 Inferred Large & Growing Resource Indicated & Currently Develin Creek² 4.13 1.00 0.15 1.16 6.0 In
Slide 6: Rapid Resource Growth
20,000,000 Rapid Resource Growth QMines Limited (ASX:QML) 18,000,000 For personal use only Large Multi-Rig Drilling Programs 16,000,000 Rapid Resource 14,000,000 Growth 12,000,000 Several M&A Opportunities Management 10,000,000 That Delivers! The QMines team 8,000,000 have delivered seven resources
Slide 7: ASX Copper Peers and Recent Copper M&A Valuations
ASX listed Copper peers1and valuations of recent ASX Copper M&A activity A$1,600m For personal use only Copper M&A Activity Active ASX Copper Consolidation! A$645m Recent copper M&A has seen ASX players A$393m A$355m emerge as key A$295m takeover targets. A$243m QML’s growing Mt A$160m A$128m A$98m
Slide 8: Project Mt Mackenzie
For personal use only Project Mt Mackenzie 8
Slide 9: Complementary Acquisition: Mt Mackenzie
For personal use only 45km from Develin Creek Complementary Acquisition¹ Two Existing Logical, Value- Au/Ag Deposits Accretive & Complementary Mt Mackenzie lies approximately 45km northwest of QMines Develin Creek Project, Substantially providing several scale Completed PFS and logistical advantages
Slide 10: Mt Mackenzie Growth Potential
Open For personal use only High-Grade Gold & Silver Deposits Open Significant Scale Potential¹ High Sulphidation Untested Soil Epithermal Anomalies Demonstrate Growth Potential With several large and Potential Cu/Au undrilled soil Porphyry Feeder anomalies along strike of the existing deposits, the
Slide 11: North Knoll Deposit
For personal use only Shallow Deposits North Knoll Deposit¹ Low Cost, Open Open Pit Potential Immediate Open Growth Potential Mount Mackenzie offers compelling near-term growth, High-Grade with mineralisation Gold & Silver Open open at depth, undrilled soil anomalies and resource expansion potential
Slide 12: South West Slopes Deposit
For personal use only Shallow Deposits South West Slopes Deposit¹ Low Cost, Open Pit Potential Open Immediate Open Growth Potential Mount Mackenzie offers compelling near-term growth, High-Grade with mineralisation Gold & Silver open at depth, undrilled soil Open anomalies and resource expansion pot
Slide 13: North Knoll Deposit
For personal use only Shallow Deposits North Knoll Deposit¹ Low Cost, Open Open Pit Potential Immediate Growth Potential Mount Mackenzie offers compelling near-term growth, High-Grade Open with mineralisation Gold & Silver Open open at depth, undrilled soil anomalies and resource expansion potential
Slide 14: Significant Historic Drilling Results
Intersection Grade: From End in Hole (m) (m) Minerals Gold (g/t) Silver (g/t) For personal use only Shallow Deposits PDH 355 8 69.41 17 6 Significant PDH 422 26 12.78 34 19 Drilling Results¹ High-Grade PDH 336 12 13.51 119 34 Yes Low Cost, Open Pit Potential Immediate PDH 378 27 6.48 27 4 Yes Growth
Slide 15: Initial Drilling Program
For personal use only Initial 36 Holes for 5,000m Initial Drilling Program¹ Targeting Strike & Depth Extensions Immediate Growth Potential Mount Mackenzie offers compelling near-term growth, Significant Pricing with mineralisation Catalysts open at depth, undrilled soil anomalies and resource expans
Slide 16: Develin Creek Project
For personal use only Develin Creek Project 16
Slide 17: Develin Creek Upside
For personal use only A Infill & Step Out Drilling Develin Creek Upside¹ A¹ Metallurgy & Immediate & Geotech Known Upside Significant upside to Mt Chalmers PFS results remain with two additional deposits located approximately Optimisation & 90km from Mine Design Rockhampton, yet to be incorporated i
Slide 18: Sulphide City Drilling Program
For personal use only Infill & Step Out Drilling Large Drilling Program Metallurgy & Shallow, High- Geotech Grade Deposit Expected to Add Mine Life Sulphide City is a shallow high-grade copper and zinc Optimisation & deposit that is located Mine Design within 90km of Rockhampton. QMines 8,000m drill
Slide 19: Scorpion Initial Drilling Results
For personal use only Infill & Step Out Drilling Initial Drilling Results Metallurgy & Shallow, High- Geotech Grade Deposit Expected to Add Mine Life Scorpion is a shallow high-grade copper and zinc deposit that is Optimisation & located within 90km of Mine Design Rockhampton. QMines current drill p
Slide 20: Current Drilling Program
For personal use only 42 Holes for 8,000m Drilled Current Drilling Program¹ Immediate Targeting Copper, Gold and Zinc Growth Potential Ongoing drilling at Sulphide City continues to deliver broad, high-grade Significant Pricing copper-zinc-gold Catalysts intersections, reinforcing Develin Creek as a
Slide 21: Mt Chalmers Historic Mine
For personal use only Mt Chalmers Historic Mine 21
Slide 22: Mt Chalmers Upside
For personal use only Infill & Step Out Drilling Mt Chalmers Upside¹ Metallurgy & Immediate & Geotech Known Upside² ³ Significant upside to Mt Chalmers remain with three additional deposits within 1.5km of Mt Chalmers that Optimisation & remain largely Mine Design undrilled by QMines at this stage.
Slide 23: Mt Chalmers Upside
For personal use only Infill & Step Out Drilling Mt Chalmers Upside¹ ² Metallurgy & Immediate & Geotech Known Upside² ³ Together, the high- grade Mt Chalmers deposit and nearby Woods Shaft provide a cornerstone copper- Optimisation & gold resource with Mine Design proven scale, shallow open-pit pote
Slide 24: Placement Details
For personal use only Details Placement 24
Slide 25: Capital Raising Overview
Capital Raising Overview Offer Size & ▪ A two-tranche Institutional Placement to raise approximately $5.0 million via the issue of approximately 90 million new fully paid Structure ordinary shares in QMines (“New Shares”) to professional and sophisticated investors. For personal use only ▪ Offer pri
Slide 26: Indicative Timetable
Indicative Timetable¹ Event Indicative Time / Date (2025) For personal use only Trading Halt Wednesday 24 September Placement bookbuild conducted Wednesday 24 – Thursday 25 September Trading halt lifted, announce Completion of the Placement Friday 26 September Settlement of New Shares under Tranche
Slide 27: Share in Our Exciting Future
For personal use only September 2025 Share in Our Exciting Future... 27
Slide 28: Resource & Reserve Statements
Resource & Reserve Statements Appendix 1 Tonnes Cut Off Cu Au Zn Ag S For personal use only Deposit¹ Reserve Category (Mt) (% Cu) (%) (g/t) (%) (g/t) (%) Mt Chalmers Proved 5.1 0.3% 0.72 0.58 0.25 4.70 5.80 Mt Chalmers Probable 4.5 0.3% 0.57 0.37 0.29 5.50 3.60 Total¹ 9.6 0.3% 0.65 0.48 0.27 5.20 4.
Slide 29: Resource & Reserve Statements (Continued)
Resource & Reserve Statements (Continued) Appendix 1 For personal use only Resource Tonnes Cut Off Cu Au Zn Ag Not in Mine Plan Deposit¹ Category (Mt) (% Cu) (%) (g/t) (%) (g/t) Develin Creek Indicated 2.9 0.3% 1.09 0.15 0.98 6.0 Develin Creek Inferred 1.2 0.3% 0.81 0.16 1.58 6.0 Total¹ 4.13 0.3% 1.